A new consensus in Latin America

A new consensus in Latin America by Marcela Sanchez
The article is about the global credit crisis many countries are living in. The United States, “epicenter of this turbulence”, and other countries affected demand for commodities such as oil, copper, tin and soybeans. Meanwhile, Latin American economies and financial markets have proven more resilient to the crisis than it has been expected. These countries have implemented reforms such as increasing taxes and social spending.
Finally, the author puts emphasis on how governments have chosen different approaches to take advantage of the current windfall.

As far as I’m concerned, it isn’t the first time the whole world is affected by a credit crisis and many countries decide no to cooperate with the ones who are in need. In my opinion, every country should take the economical crisis as an international problem and instead of taking advantage of other countries, work together and help each other as a team. Wouldn’t it be easier if we dealt with this problem all together?